Wednesday, May 13, 2009

Tax Cuts For the Rich Newspapers

Why not a tax cut for all Washington residents and businesses? Since when are newspapers supposed to get preferential treatment?
Gov. Chris Gregoire has approved a tax break for the state's troubled newspaper industry.

The new law gives newspaper printers and publishers a 40 percent cut in the state's main business tax. The discounted rate mirrors breaks given in years past to the Boeing Co. and the timber industry.

Newspapers across the country have resorted to layoffs and other cost-cutting moves to deal with a wounded business model and a recession-fueled drop in advertising.
Notice they never mention media bias as a reason why the papers are in such trouble. Nothing like ignoring the obvious.

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